COLLIERS NEGOTIATES TWO NEW JERSEY INDUSTRIAL SALES

MOORESTOWN AND CHERRY HILL, N.J. — Colliers Lanard & Axilbund (CLA) has negotiated the sale of a 52,800-square-foot industrial building located in Moorestown for $2.8 million. The building is siauted at 9 Whittendale Drive within the Moorestown Industrial Park. Starlight Productions International purchased the property and plans to use it to expand its operations, currently located in nearby Cherry Hill. Marc Isdaner of CLA represented the seller, First Industrial LP. Paul Wierzel of NAI Mertz represented Starlight. In addition, Isdaner and Ian Richman, also of CLA, represented A.F. Callan & Co. in the sale of an 8,216-square-foot flex building located at 615 Deer Rd. in Cherry Hill to Deli-on-the-Go dba Kosher Mart Foods. The property traded for $550,000.